Market watchers are turning their attention to TRON as the cryptocurrency reaches fresh weekly peaks, suggesting momentum could be building for a larger upward movement. Following a steady climb beyond $0.30, TRX is currently trading around $0.33 and appears to be entering a more robust trending phase that technical indicators have been hinting at for several weeks.
The cryptocurrency posted a 0.96% gain over the past 24 hours, maintaining its position above crucial technical levels. This performance comes as traders begin to recognize what many analysts consider one of the cleanest macro chart patterns currently developing in the digital asset space.
Weekly Breakout Signals Potential Path to Higher Targets
TRON’s weekly chart structure demonstrates the cryptocurrency holding comfortably above both its 25-week and 99-week moving averages. The 25-week moving average currently provides dynamic support around $0.24, while price action has consistently formed higher lows throughout recent months. The breakthrough past $0.30 adds credibility to theories that TRX may be transitioning into an accelerated trending phase.
Technical analyst Wombat86 has identified the potential for TRX to reach $1 during this cycle, with chart patterns supporting this projection. The immediate focus centers on the $0.35 level, followed by historical resistance near $0.45, which represents the 52-week high. Breaking through these levels could open the door to significantly higher valuations.
The heatwave ends. The bull run begins.
July 30 marked a rare convergence:
— Justin Sun’s birthday
— Ethereum’s genesis
— TRON rings the Nasdaq bell, signaling its ascent on Earth and beyond.TRON has entered narrative escape velocity.
Key momentum:
▫️TVL up 11.8%… https://t.co/8m05Q9ld4O— BEN GURION (@chemofamide) July 31, 2025
The daily chart structure reinforces the weekly breakout story. Despite broader market volatility, TRON has maintained its upward trajectory with remarkable consistency. Analyst Lennaert Snyder points to a parabolic arc formation that shows price respecting key support curves, potentially guiding the next upward leg. The $0.32 area has emerged as a critical support level, with any retest potentially offering entry opportunities for momentum traders.
On-Chain Activity Provides Fundamental Support
Beyond technical analysis, TRON’s fundamental metrics have been strengthening considerably. Data from TRON DAO via CryptoQuant reveals that over $21 billion in new USDT supply has been added to TRON’s network in 2025 alone. This massive influx places TRON as the second-largest network for USDT supply, trailing only Ethereum in total stablecoin dominance.
This substantial on-chain activity provides strong fundamental backing for the bullish technical setup. The combination of healthy chart patterns and surging network utility creates a compelling case for the $0.45 and $1.00 price targets becoming achievable during this market cycle.
The consistent performance has distinguished TRON from many other altcoins that have experienced significant volatility. Crypto analyst Turtle Commandant notes that TRX hasn’t merely survived the challenging market conditions of the past two years but has actually strengthened throughout this period. This structural reliability has rewarded patient investors and created a foundation for continued growth.
In contrast to assets driven primarily by speculation, TRON’s price appreciation appears supported by genuine utility and network growth. As more market participants recognize this quiet strength, the convergence of technical breakouts and robust USDT flows positions TRX as a potentially stable performer in the current cycle.
The cryptocurrency faces its next major test at the $0.45 resistance level. Successfully breaking through this barrier would make the path toward $1 significantly more realistic. Current indicators suggest TRON is well-positioned for this challenge, with healthy chart patterns backed by billions in stablecoin activity flowing through its network. The combination of technical strength and fundamental growth creates an environment where higher targets become increasingly achievable.
Broader Market Implications
TRON’s sustained technical strength and substantial USDT network growth could signal increased institutional adoption of alternative blockchain networks for stablecoin transactions. The cryptocurrency’s consistent performance amid market volatility may encourage broader investor confidence in utility-focused digital assets with strong fundamental backing.
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